When does a investor in Mutual funds receive dividend?
Answer
Answer
As Mutual Fund is a regulated market and SEBI has a set of rules. Accordingly, Mutual Funds is obliged to dispatch the dividend warrants to the unit-holders within 30 days of dividend declared by the company. Failure to do so leads a penalty to Asset Management Company (AMC) wherein an interest set by SEBI should be paid from time to time.